3 Ways to Analyze & Improve Supply Chain Processes in Your Business

Supply Chain Management

Estimated reading time: 3 minutes

Effective and efficient supply chain management processes have become crucial in the global marketplace and the eCommerce revolution of the past few decades. Add complications from the 2020 and 2021 coronavirus pandemic, and everyone might need to take a closer look at supply chain processes.

This highly detailed system isn’t one that you can develop and let carry on unattended. Regardless of the size of your organization, a healthy supply chain is critical. Peak supply chain practices involve streamlining your manufacturing strategy, obtaining raw materials, completing product orders, and delivering your final product to your loyal customers on time and in good condition.

Here are three ways to analyze and improve your company’s supply chain processes quickly and effectively.

1. Evaluate Your Complete Supply Chain Strategy

Make a clean sweep of reviewing and evaluating your organization’s supply chain strategy, recommends Business.org. Before you can start dissecting components of your supply chain processes, it helps to take a look at the sum of your operations as they stand now. It’s an important time to ask crucial questions that explore how things are going. Ask some of the following questions to help gain insights:

  • How is the communication between your team and other supply chain members, such as logistics and retail? Do you have a healthy flow of information that allows for optimal order fulfillment for customers? Or there frequent breaks in communication, leading to delayed production or delivery?
  • Are your suppliers responsive to your needs? Do they produce and deliver parts and pieces on time?
  • Does your supply chain approach fit your business type? For example, would your business enjoy better supply chain efficiency with dropshipping through companies like Modalyst or Shopify than through traditional processes or a wholesale model?

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2. Assess Your Data Silos

Maintaining data in areas where only one user or user group can access something vital to your entire supply chain slows everything down. To develop and maintain a smooth-running supply chain, you need fewer data silos for everyone to navigate to ensure seamless communication, preventing misunderstandings and double orders that can add up quickly in cost and eroded reputation.

Once you identify your silos, try to reduce them with a supply chain management platform or an inventory management platform such as Quickbooks’ Precise Inventory Tracking or Inventory Management with IBM.

3. Work With a Reliable Supplier

Find reliable suppliers who serve as partners in your healthy supply chain operation. It’s challenging to develop such relationships with businesses overseas or otherwise not accessible. You need parts manufacturers who can deliver highly specialized and small items like o-rings from Apple Rubber when you need them.

Your supplier should understand that no component, such as a rubber seal, is too small and is certainly not insignificant to your manufacturing and supply chain processes. Relying on such companies that have special expertise — and further, building strong professional relationships — is invaluable to improving your supply chain now and long into the future.

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Enjoy Improved Supply Chain Processes That Make a Huge Difference for Your Business

As you strive to stay competitive in a fast-paced global marketplace with a continuing focus on eCommerce, it’s never been more important to evaluate and polish your supply chain processes. Build relationships with your suppliers, reduce information silos, and look at your operations from every angle to improve your supply chain strategy.